Farmland Investments Take Root

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By David Kesmodel And Jesse Newman Farmland is attracting growing interest from pension plans, hedge funds and even mom-and-pop investors as they seek to diversify assets and capitalize on an agriculture-industry slump that has pushed down land prices in some ...

Australia Holds Rates Amid Hopeful Signs -- Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By James Glynn SYDNEY--Australia's central bank left interest rates unchanged on Tuesday, as expected, while leaving the door open for a cut later in the year should the economy falter. The Reserve Bank of Australia, or RBA, kept the cash-rate ...

With Copper Boom Slowing, Real Estate Firms Get Creative in Chile

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Peter Grant SANTIAGO, CHILE--Faced with a slowing local economy, real estate investment firms in Chile are attempting creative ways to continue to earn a profit. Prudential Real Estate Investors, which has been active in Chile since 2007, has started ...

RBI Leaves Interest Rate Unchanged

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

MUMBAI?The Reserve Bank of India left its main interest rate unchanged Tuesday, as contradictory data failed to provide a clear picture of the health of Asia's third-largest economy. RBI Governor Raghuram Rajan said he is still waiting for banks to ...

Swiss House Prices on The Rise Again in 2Q - UBS Index

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Neil MacLucas ZURICH--Property prices in Switzerland are on the rise again as low borrowing costs and the lack of alternative investments drive demand for housing in the country's prime residential areas, data showed Tuesday. A market-monitoring index compiled by ...

Shire Offers to Buy Baxalta for $30 Billion -- 3rd Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Tess Stynes Dublin-based Shire PLC said Tuesday that it has offered to acquire rare-disease treatment maker Baxalta Inc. for roughly $30.6 billion in stock, in the latest example of a foreign company using its tax-friendly status to go after ...

Aetna Lifts Guidance as Profit Tops Expectations

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

Aetna Inc., which has agreed to buy fellow insurer Humana Inc., reported better-than-expected earnings for its second quarter as it benefits from growth in its government business. Aetna also raised its operating earnings guidance for the year to $7.40 a ...

Archer Daniels Midland Earnings Fall on Record Ethanol Production

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Angela Chen Archer Daniels Midland Co. said its earnings fell more than expected in the second quarter, as record ethanol production limited profits. The Chicago-based company buys oilseeds, grains and other commodities from farmers to make into ingredients that ...

Brazil's Fipe: Sao Paulo CPI up 0.85% in July Vs +0.47% in June

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Rogerio Jelmayer SAO PAULO--The consumer-price index for Sao Paulo, Brazil's largest city, picked up in July, mainly due to the increase in food and housing-related costs in the period. The CPI increased 0.85% last month versus a rise of ...

Shire Offers to Buy Baxalta for $30 Billion -- 5th Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Tess Stynes Dublin-based Shire PLC said Tuesday that it has made a hostile offer to acquire rare-disease treatment maker Baxalta Inc. for roughly $30.6 billion in stock, in the latest example of a foreign company using its tax-friendly status ...

Correction to Sempra Earnings Story

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

Sempra Energy reported that earnings at its Southern California Gas utility fell roughly 13% to $70 million and that the decline at Southern California Gas was mostly owing to a seasonal decline in revenue, which had a negative impact of ...

Community Health Spinoff to Focus on Smaller Markets

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

Community Health Systems Inc. said it would spin off 38 hospitals from California to the Deep South to form a new publicly traded company that focuses on smaller, often rural markets. The plan stands in contrast to the broader pattern ...

Aetna Lifts Guidance as Profit Tops Expectations--Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Chelsey Dulaney Aetna Inc., which has agreed to buy fellow insurer Humana Inc., reported better-than-expected earnings for its second quarter as it benefits from growth in its government business. Aetna also raised its operating earnings guidance for the year ...

Foxconn Seeks Manufacturing Sites in India

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

NEW DELHI?Foxconn became the latest global giant to declare its intention to tap into India's budding manufacturing potential. The company is looking for manufacturing sites in India. So far it hasn't been able to settle on any in particular, Foxconn ...

Judge Reinstates ATM Antitrust Case Against Visa, MasterCard

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Angela Chen The District of Columbia Circuit Court of Appeals on Tuesday reinstated an antitrust lawsuit brought against Visa Inc. and MasterCard Inc. by a trade association of ATM operators. Representatives for the two payment-card networks weren't immediately available ...

IMF Says Ukraine Bailout Faces 'Significant Uncertainty' -- Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Ian Talley WASHINGTON--Ukraine's bailout faces "significant uncertainty" even if the government is able to secure a debt-restructuring deal, the International Monetary Fund warned Tuesday. The IMF's comments, made in a report on the fund's bailout program for Ukraine, come ...

Puerto Rico Defaults on Most of Debt Payment--Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Aaron Kuriloff Puerto Rico missed most of a $58 million bond payment Monday, marking the first default by the U.S. commonwealth and escalating its attempt to restructure about $72 billion in debt. The payment to bondholders is the first ...